Can I retire at age 75 with 2,640,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$218,009$216,067$214,172$212,323$210,517$202,726
2 years$107,925$105,915$103,967$102,078$100,246$92,484
3 years$71,235$69,217$67,274$65,403$63,600$56,112
4 years$52,894$50,882$48,958$47,119$45,360$38,203
5 years$41,892$39,892$37,993$36,192$34,482$27,674
6 years$34,560$32,575$30,704$28,943$27,285$20,831
7 years$29,325$27,356$25,515$23,796$22,190$16,089
8 years$25,400$23,449$21,639$19,961$18,408$12,655
9 years$22,349$20,417$18,638$17,003$15,503$10,088
10 years$19,910$17,996$16,249$14,657$13,209$8,124
11 years$17,916$16,021$14,305$12,756$11,360$6,594
12 years$16,255$14,380$12,695$11,188$9,844$5,385
13 years$14,850$12,995$11,343$9,878$8,585$4,419
14 years$13,648$11,812$10,191$8,768$7,525$3,641
15 years$12,606$10,791$9,201$7,820$6,626$3,009
16 years$11,696$9,900$8,342$7,002$5,856$2,493
17 years$10,894$9,118$7,591$6,291$5,192$2,070
18 years$10,181$8,425$6,930$5,669$4,617$1,722
19 years$9,545$7,808$6,344$5,123$4,115$1,434
20 years$8,973$7,256$5,822$4,640$3,676$1,196
21 years$8,455$6,759$5,355$4,211$3,289$999
22 years$7,986$6,309$4,936$3,829$2,948$834
23 years$7,558$5,901$4,557$3,487$2,647$698
24 years$7,166$5,528$4,215$3,180$2,379$584
25 years$6,806$5,188$3,904$2,904$2,141$488
26 years$6,475$4,876$3,620$2,656$1,928$409
27 years$6,168$4,589$3,362$2,431$1,738$342
28 years$5,884$4,324$3,125$2,227$1,569$287
29 years$5,620$4,079$2,908$2,042$1,416$240
30 years$5,374$3,852$2,709$1,874$1,280$201
31 years$5,144$3,642$2,526$1,721$1,157$169
32 years$4,929$3,446$2,356$1,582$1,047$142
33 years$4,728$3,263$2,200$1,455$947$119
34 years$4,539$3,093$2,056$1,339$858$100
35 years$4,361$2,934$1,922$1,232$777$83
36 years$4,193$2,784$1,798$1,135$704$70
37 years$4,035$2,645$1,683$1,046$638$59
38 years$3,885$2,513$1,576$964$578$49
39 years$3,743$2,390$1,476$889$524$41
40 years$3,609$2,274$1,384$820$476$35
41 years$3,482$2,164$1,298$756$432$29
42 years$3,361$2,061$1,217$698$392$24
43 years$3,246$1,964$1,142$644$355$20
44 years$3,137$1,872$1,072$595$323$17
45 years$3,032$1,785$1,007$549$293$14
46 years$2,933$1,703$946$507$266$12
47 years$2,838$1,625$888$469$241$10
48 years$2,747$1,551$835$433$219$8
49 years$2,661$1,482$785$400$199$7
50 years$2,578$1,415$738$370$181$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,640,000, adding $4,635 every year, while hoping to spend $36,279 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 69/24/7 Blend
74$2,640,000$2,640,000$2,640,000$2,640,000
75$2,914,061$2,774,141$2,733,221$3,111,542
76$3,172,695$2,871,473$2,786,183$3,340,203
77$3,456,493$2,972,359$2,839,704$3,585,372
78$3,767,985$3,076,934$2,893,763$3,852,568
79$4,109,955$3,185,339$2,948,340$4,143,945
80$4,485,471$3,297,722$3,003,410$4,461,871
81$4,897,914$3,414,235$3,058,949$4,808,951
82$5,351,006$3,535,037$3,114,929$5,188,056
83$5,848,848$3,660,294$3,171,319$5,602,344
84$6,395,960$3,790,178$3,228,087$6,055,291
85$6,997,319$3,924,867$3,285,199$6,550,725
86$7,658,409$4,064,550$3,342,617$7,092,861
87$8,385,272$4,209,418$3,400,300$7,686,338
88$9,184,565$4,359,675$3,458,206$8,336,267
89$10,063,622$4,515,530$3,516,287$9,048,273
90$11,030,523$4,677,202$3,574,494$9,828,553
91$12,094,171$4,844,920$3,632,774$10,683,929
92$13,264,375$5,018,919$3,691,070$11,621,915
93$14,551,942$5,199,447$3,749,322$12,650,788
94$15,968,781$5,386,761$3,807,465$13,779,663
95$17,528,013$5,581,128$3,865,431$15,018,579
96$19,244,094$5,782,828$3,923,147$16,378,593
97$21,132,955$5,992,150$3,980,536$17,871,887
98$23,212,147$6,209,396$4,037,515$19,511,876
99$25,501,012$6,434,882$4,093,997$21,313,341
100$28,020,859$6,668,935$4,149,890$23,292,560